Alps Advisors Inc. Increases Stock Holdings in IES Holdings, Inc. $IESC

Alps Advisors Inc. boosted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 60.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,726 shares of the technology company’s stock after purchasing an additional 2,159 shares during the quarter. Alps Advisors Inc.’s holdings in IES were worth $2,277,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of IES by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock valued at $78,210,000 after purchasing an additional 12,026 shares in the last quarter. Pertento Partners LLP bought a new stake in IES during the 2nd quarter valued at approximately $46,916,000. Franklin Resources Inc. grew its holdings in shares of IES by 17.0% during the 2nd quarter. Franklin Resources Inc. now owns 149,573 shares of the technology company’s stock worth $44,308,000 after acquiring an additional 21,738 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of IES by 50.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock worth $32,678,000 after acquiring an additional 36,845 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of IES by 43.7% in the 2nd quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock worth $27,125,000 after acquiring an additional 27,849 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insider Activity

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $473.25, for a total transaction of $36,156,300.00. Following the sale, the chairman directly owned 10,595,320 shares in the company, valued at approximately $5,014,235,190. This trade represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $411.48, for a total value of $2,057,400.00. Following the completion of the transaction, the chief financial officer owned 65,525 shares of the company’s stock, valued at $26,962,227. This represents a 7.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 217,661 shares of company stock valued at $96,387,385. Company insiders own 56.43% of the company’s stock.

IES Price Performance

Shares of NASDAQ:IESC opened at $499.78 on Wednesday. The business has a fifty day moving average price of $430.43 and a 200-day moving average price of $393.79. The company has a market capitalization of $9.96 billion, a PE ratio of 29.73 and a beta of 1.72. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $506.41.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.23). The firm had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Analyst Upgrades and Downgrades

IESC has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Loop Capital set a $458.00 target price on shares of IES in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES presently has a consensus rating of “Buy” and an average target price of $458.00.

IES Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.